HMRC win Rangers EBT case at the Supreme Court

As the bankruptcy Courts here in Belfast wind down for the summer recess, the Supreme Court in London yesterday delivered its long awaited judgement in a well publicised Employee Benefit Trust (EBT) case – the Rangers case. And the decision went against the demised football club with the highest court in the land ruling unanimously […]
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Gildernew & Co mark first year in business with two new appointments

12 months back this week, Gildernew & Co. Chartered Accountants & Business Advisors opened our doors as a new business in Dungannon’s Market Square. One year on and we are delighted to have grown our client base, our service offerings and our team is now nine staff! Today, Monday 3 April, we are pleased to […]
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Flat Rate VAT scheme – April 01 changes

Many small owner-managed businesses have been availing of the Government’s Flat Rate VAT scheme to cut down on book-keeping and administration and ultimately save time and money.   The Flat Rate scheme allows businesses with a turnover of less than £150,000 per annum to register for VAT and rather than work out the difference between […]
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Budget 2017

On Wednesday 8th March, the Chancellor of the Exchequer, Mr Philip Hammond MP, delivered his first and last Spring Budget to the House of Commons.  With recent Budgets all looking to the future and highlighting what is coming down the track, including increases in personal allowances and reductions in corporation tax, much of what was […]
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Rural Development Grants – now open

Rural Development Grants – now open Mid Ulster Development Partnership is presently inviting applications from manufacturing and engineering businesses for their Rural Business Investment Programme which is being operated under the Leader programme. Funding of up to £30,000 is available to businesses in the area which meet the required criteria with their project. One of […]
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Outsource your payroll

Save time, money and stress! Running a business’ payroll is becoming more and more complex – with auto enrolment for pensions, the continued evolution of Real Time Information, year-end returns, P60s, Benefits in Kind, changes to RTI… the list seems endless. It can be hard to keep on top of all the changes that come […]
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The Bankruptcy bar has just risen…

Where does this leave you? For the past 30 years if someone owed you £750 or more you could bring bankruptcy proceedings against them.  However, with effect from today this £750 has been increased to £5,000. So where does this leave those owed money in-between these new levels?  There are other debt collection avenues to […]
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R&D spend is on the up!

Research & Development: what’s your story? The Northern Ireland Research & Development Survey published today (17 November) is indicative that more Northern Ireland companies than ever before are either undertaking new R&D activities or simply gaining credit for the work they already do but didn’t realise fell under the R&D umbrella. We are all encouraged […]
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Pensions in bankruptcy – as safe as houses?

When an insolvent individual comes through our doors for advice, they very often ask two questions when we discuss bankruptcy. Firstly, is my house safe? And secondly, what about my pension? The answer to neither is straightforward, but let’s look at pensions first of all.   Pensions & Bankruptcy The Court of Appeal in England […]
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Are you eligible for a tax rebate?

DID you know you could possibly be due a tax rebate? If a PAYE employee has self employment losses for last year you could be in for a tax rebate. What does this mean? OK! Let’s use James from County Tyrone as an example. For the purposes of this blog James is not a real […]
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